Malone says, “[The internet] makes scale even more important in the media business, where scale always was important. It’s all about scale. [Netflix was] the first wave. And I think Jeff [Bezos] is gonna be the most disruptive. As [his] Death Star moves into striking range of every industry on the planet.”

He warns those in the B2C business saying “if you’re selling anything to any consumer anywhere on the planet, you gotta believe that Amazon is gonna have a look at that opportunity to commoditise you to use scale to serve the public.”

He also comments that the cable industry has ‘missed its opportunity to compete with Netflix’ and that ship has sailed.